Fear smells just like money. 
Cool! I will agree with you. August 1st is something that should be cherished rather than feared. I dont know why people are too much afraid of this. August 1st is going to make bitcoins more important and valuable than ever. Bitcoins are definitely taking ride to moon in the coming months. August 1 didn't give too much impact on BItcoin Price which is in contrary to many users here speculation. Besides that, BTC price keeps strong and never out of range of 2600$ below.
Yup, volatility was disappointing considering the August 1st predictions. However, I don't think we are out of the woods yet. I don't think the major fundamental threat was BIP148/BIP91 nor Bcash.
I think the major fundamental threat is the Segwit8x fork in November. That has the backing of many major Bitcoin companies, exchanges and miners. They have a lot of marketing power. So I think this could cause a real network split in November, which could have lasting implications. And this is also a reason for market uncertainty now.
Segwit8x? You mean Segwit2x right? As far as I understand the new york agreement has backing of 85% of the hash power so it should be stable and I don't think anyone wants further chain splits after bitcoin cash.